Global APET Sheet Market Report Description:
Global APET sheet market report gives comprehensive outlook on APET sheet across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report on global APET sheet market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application and region. This report studies global APET sheet market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global APET sheet market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global APET sheet market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global APET sheet market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global APET sheet products.
Global APET Sheet Market:
The global APET sheet market valued US 4,841.3 Mn in 2019 and is poised to grow with a CAGR of 6.6% over 2020-2026. Superior recyclable properties of APET films, demand for from the consumer goods sector and food industry, flourishing manufacturing industry across the globe and demand for APET bottles in packaging of soft drinks are some key factors fostering the market growth. Also, high growth in emerging economies and demand for on-the-go products provides huge opportunity for the market. However, environmental concerns & regulations and volatility prices of raw materials hampers the market growth.
Food Packaging Accounts for Larger Market Revenue Share in Global APET Sheet Market
Food Packaging segment accounted for larger revenue share in global APET sheet market with a significant CAGR and is expected to grow over the forecast years. APET is used broadly for packaging food items & beverages. The food & beverages industry is one of the main end users of bottles made of APET. Shifting standard of living of masses and hectic schedules of the working class population across the globe are other factors boosting the consumption of on-the-go food items. It offers high strength and stiffness, clear visibility, and low creep characteristics, which make it ideal for use in food packaging applications.
Asia Pacific Accounts for Larger Market Revenue Share in Global APET Sheet Market
Asia Pacific accounted for considerable revenue share in global APET sheet market and is expected to grow over the forecast years due to increase in consumption of FMCG and packaged food materials, rising population and enhancing economic conditions. North America held considerable market share during estimated period owing to high consumption of carbonated drinks and ready-to-eat food products. U.S is the major contributor for the growth of the market in the region.
Key player’s profiles in the global market include:
- Klöckner Pentaplast
- Shinkong Synthetic Fibers
- Folienwerk Wolfen
- epsotech Group
- TAE Kwang
Global market is surging owing to strategic alliances by key players for APET sheet to meet the demands of the customers in the market.
Key Findings of the Report:
- Global APET sheet market expanding at significant CAGR over 2020 to 2026 due to rising demand for APET films from the consumer goods sector and food industry
- Based on region, Asia Pacific accounted for considerable market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
- Food Packaging
- Medical Packaging
- Consumer Goods Packaging
- Rest of Europe
- Au & NZ
- Rest of Europe
- Rest of Latin America
Middle East & Africa
- South Africa
- Rest of MEA